JP Morgan has relocated a San Francisco-based banker to London to lead its equity capital markets execution team in Europe, where the bank has been one of the chief beneficiaries of a surge in IPOs this year.

Chris Roberts, who established JP Morgan's ECM execution team for technology, media and telecoms in the US, has returned to the UK capital after around two years in the US, according to an internal memo seen by Financial News.

JP Morgan’s ECM execution business in Europe, the Middle East and Africa has most recently been led by Donal Quigley in addition to his role as head of corporate finance in the region. But the bank has taken the decision to split these roles in response to booming ECM markets in Europe this year, according to a person familiar with the matter.

JP Morgan ranks second in the European bookrunner rankings for equity issuance, with a 9.4% market share, behind Goldman Sachs, according to Dealogic.

Klaus Hessberger, co-head of Emea ECM at JP Morgan, said earlier this month that the bank expected the second half of the year to be characterised by more "share placements, capital raisings related to M&A and balance sheet strengthening as well as convertibles”.

Roberts, a former Morgan Stanley banker, worked in JP Morgan’s London execution team between 2007 and 2011 before moving to the US's west coast. He will be joined on the Emea execution team by Sylvie Sauton, who covers ECM in France and will "further enhance our efforts amidst increased deal flow across the region," according to the memo.

JP Morgan’s head of ECM origination for Benelux and Central and Eastern Europe, Paul Mihailovitch, will add now Sauton’s responsibilities for France to his existing role.

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The JP Morgan memo detailed new roles for Anastasia Bloom, its head of Russia and CIS ECM origination, who will now also lead the bank’s ECM business in South Africa, the Middle East and North Africa; and Olof Svensson as head of Nordic ECM. He replaces Bo Zethraeus, who was made head of investment banking for Sweden in April.